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Professional Insights - Industry Insights

August 22, 2023
Why Universities Need to Prioritize Donor Due Diligence

Why Universities Need to Prioritize Donor Due Diligence

No institution wants to be embroiled in a scandal—especially when it could have been prevented. Unfortunately, that’s exactly what happened to Tufts University when it was revealed that when one of their long-standing donors, the Sackler family, was tied to the opioid crisis. Over a period of nearly 40 years, the university received around $15 million from the Sacklers, who own the pharmaceutical company Purdue...

August 16, 2023
9 Steps For Better Third-Party Anti-Bribery and Corruption Due Diligence

9 Steps For Better Third-Party Anti-Bribery and Corruption Due Diligence

Companies operating in today’s global business environment must navigate ever-strengthening anti-bribery and corruption regulations. Some of the most significant recent enforcement actions against companies arose from alleged due diligence failures, leading to fines, legal action, strategic risks and reputational damage. Meanwhile, there are growing expectations around companies’ understanding of their Environmental...

August 15, 2023
How to Combat Negative Publicity After a Donor Scandal

How to Combat Negative Publicity After a Donor Scandal

Organizations like nonprofits and academic institutions that rely on donations need to be hyper aware of the importance of due diligence. Screening current and potential donors for political and financial vetting is a crucial step in any donor-funded company, but even the most extensive checks can sometimes have pitfalls. If a team accepts money from an organization or individual that ultimately backfires and garners...

August 14, 2023
How to Use Big Data Analytics in Finance

How to Use Big Data Analytics in Finance

The finance industry is up against massive challenges as 2023 shapes up to be a tumultuous year for the market. The closure of Silicon Valley Bank signaled another big fall in trust, and businesses are scrambling to make sure that they’re providing security and safety alongside their normal client services. Now more than ever, it’s critical that companies have trustworthy ways of performing their practices...

July 23, 2023
Key Trends in Risk and Compliance in 2023

Key Trends in Risk and Compliance in 2023

We are already more than halfway through 2023, so if your business isn’t up to date on all the newest trends and shortcuts in the realm of risk mitigation and compliance, suffice it to say you’re falling behind. This year, there is an even greater push on ESG compliance, protection from rising technology like AI and Crypto, and the general need for due diligence to avoid working with sanctioned third parties...

July 21, 2023
Do You Know Your Donors?  Mitigate Donor Risk for Nonprofits

Do You Know Your Donors? Mitigate Donor Risk for Nonprofits

It goes without saying that for nonprofit organizations, fundraising is a massive component of labor. And while anyone can imagine that the organization of galas, coordination of annual drives, and communication with regular donors are all key parts of the job, there are still many aspects that go overlooked—like donor due diligence. In this blog post, we will explore what it means to go beyond recruitment and...

July 11, 2023
How to Understand and Monitor Sanction Lists

How to Understand and Monitor Sanction Lists

Sanctions are often hot topics of international news reports, especially as they relate to foreign governments and international relations. But, you may not realize that sanctions can be levied to any entity that violates regulations. Sanctions are also important to businesses, and working with those who have been sanctioned can have serious consequences. As such, monitoring and understanding sanction lists is a key...

July 06, 2023
Recent Regulatory Enforcement Show Need for Due Diligence

Recent Regulatory Enforcement Show Need for Due Diligence

Alleged compliance breaches have led to combined fines and settlements worth hundreds of millions of dollars in Q2 of 2023. Regulators have taken enforcement action against companies over their activities in jurisdictions spanning four continents. In this blog, we look at some of the most significant regulatory interventions in recent months and suggest how companies should retool their compliance approach to mitigate...

June 29, 2023
Managing Collaboration and Communication in Research

Managing Collaboration and Communication in Research

The COVID-19 pandemic changed the world in a multitude of ways. It’s no secret that we are no longer living in the same society that existed in 2019. Because of the events of the last few years, we are now dealing with things like growing inflation, industry-agnostic mass layoffs , and a massive increases in remote offices. That last point is unique in that it’s something people are often rooting for, as employees...

June 23, 2023
5 Most Common Crisis Communications Scenarios

5 Most Common Crisis Communications Scenarios

These days, nearly every company must have a social media presence to survive and thrive in this market. The prioritization of digital footprints comes at a high cost, though, as there are plenty of potential errors related to posting content, engaging with consumers, and even simply managing public relations (PR). Fortunately, most of the potential pitfalls for PR and social media crises fall into similar categories...

June 21, 2023
How to Optimize Your Change Management with Research Workflow Tools

How to Optimize Your Change Management with Research Workflow Tools

Change management is a crucial, yet daunting, part of a company’s life cycle. Whether it’s in response to exciting growth or disappointing pitfalls, adaptation is often necessary when it comes to moving forward, and the need to adapt is only increasing as the marketplace becomes more unpredictable. Change management is especially important when it comes to research. Research teams are often shifting their...

June 15, 2023
Avoid Unnecessary Task Switching During Research With Prioritization

Avoid Unnecessary Task Switching During Research With Prioritization

While the ability to multitask can seem like a positive skill, there is a lot of research into the actual downsides of having too much on one’s plate at once. The act of “ task switching ,” or moving in between two separate tasks, often results in lost time and focus, making it an impediment to productivity. This is particularly the case in research, when employees shift between searching and archiving...

June 08, 2023
Investing Trends for Gen Z and What that Means for Financial Services

Investing Trends for Gen Z and What that Means for Financial Services

The youngest generation in the workforce, Gen Z (cordially called “Zoomers” at times) has a unique set of values that distinguishes them even from millennials . A cohort defined by their love of trends and social media, Gen Z can be an enigma for investors who are attempting to reach younger audiences. Staying on top of this generation’s ethos and internet habits is crucial for financial services providers;...

June 06, 2023
The Hidden Costs of Tab Switching

The Hidden Costs of Tab Switching

In the three years since the corporate world shifted to a remote-forward work culture, employees have been able to see into the lives of their coworkers. With video conferencing, people can view someone’s living room, their family walking around in the background and, most importantly, the way their browser looks when they share a screen. So, it’s safe to say that everyone knows by now that there’s always...

June 01, 2023
Why You Need to Incorporate Crowdfunding Into Your Strategy

Why You Need to Incorporate Crowdfunding Into Your Strategy

When you think of fundraising, you probably think of fancy galas, charity 5Ks, or cocktail parties with the board. But in the past ten years, crowdfunding has changed the fundraising game. It’s extremely popular with Gen Z and Millennial donors , who are quickly becoming a majority of the donorbase, by offering transparency and immediate solutions. But nonprofits who’ve traditionally raised money with events...

May 24, 2023
How to Choose The Right Workflow Technology Tool for Your Company

How to Choose The Right Workflow Technology Tool for Your Company

The workforce has changed a lot over the last few years. Many factors have forced companies to change their old practices: hybrid and long-term remote work options, ongoing recession fears, and inflation are just a few motivators toward large overall shifts. That means optimizing workflow — a process which removes hurdles and streamlines daily work to ultimately lower the cost of operations—is more important...

May 22, 2023
The US Foreign Corrupt Practices Act: What it Means for Your Business

The US Foreign Corrupt Practices Act: What it Means for Your Business

The Federal Corruptions Policy Act was established to address and end corruption and bribery in US business dealings with foreign officials. The FCPA seeks to keep legitimate businesses from losing contracts to companies engaged in corruption and bribery. The act does not solely speak to first tier businesses—it further requires all businesses have a process of due diligence to assure corruption and bribery is not...

May 19, 2023
The Global Impact of ESG Legislation

The Global Impact of ESG Legislation

ESG screening, or environmental, social and governance screening, is becoming an increasingly important part of due diligence for companies around the world. Legislation mandating ESG due diligence is being introduced in many countries, and even where it is not yet required, consumers, investors, and employees are demanding ethical practices from companies. Improving ESG due diligence processes is essential for companies...

May 17, 2023
What Does Embedded Finance Mean for Financial Services?

What Does Embedded Finance Mean for Financial Services?

Anyone who’s used the internet for their own shopping or banking needs has undoubtedly already seen examples of embedded finance (abbreviated as EmFi). And yet, the average consumer would likely have no idea how to define the term “embedded finance.” But EmFi’s growing popularity makes it more than just a simple buzzword or pop-up window, so financial service providers need to be on the forefront...

May 16, 2023
Why Your Nonprofit Needs to be Talking About ESG

Why Your Nonprofit Needs to be Talking About ESG

If you work in the nonprofit sector, you’re probably already familiar with the term “CSR,” or “Corporate Social Responsibility,” which often describes how companies incorporate social and environmental concerns into their business. As SEC regulations change, CSR (which is an internal process) is being replaced by ESG, or “Environmental Social Governance.” This is a framework...

May 10, 2023
Creating an Effective Workflow Process: Tips and Best Practices

Creating an Effective Workflow Process: Tips and Best Practices

Creating a Workflow process is one of the best ways businesses can keep up with the changing landscape of office life. Workflows are being implemented across industries for good reason; according to a study by Gartner , automated workflows increase productivity, reduce errors and lead to overall lower operational costs for businesses. They make employees’ lives simpler and improve the customer service experience...

May 10, 2023
How Financial Services Needs Differ For Millennial Investors

How Financial Services Needs Differ For Millennial Investors

Millennials have long been the most hated generation. From Baby Boomers calling them “lazy” to Gen Z calling them “cheugy” and “cliché,” it seems like the now 27- to 42-year-olds can’t catch a break. But the biggest complaint from older generations is actually proof that millennials are important: Boomers notably lament the fact that millennials shook things up—they...

May 09, 2023
Why Nonprofits Should Treat Gen-Z Donors as Investments

Why Nonprofits Should Treat Gen-Z Donors as Investments

As nonprofit organizations aim to increase their funding and support during a time of economic uncertainty, it is c rucial to pay attention to the emerging donor demographic: Generation Z (better known as Gen-Z) . Gen-Z is the largest generation in the world and is set to have a significant impact on the future of charitable giving, especially as they are known for their active push for change. Like Millennials, Gen...

May 08, 2023
Stop the Risk: Asking the Right Questions for Complete Due Diligence

Stop the Risk: Asking the Right Questions for Complete Due Diligence

With the rise of mandatory due diligence legislation, it is no longer sufficient for compliance officers to screen a third party for indicators of bribery and corruption alone. Effective due diligence in the modern business environment should also encompass Environmental, Social and Governance (ESG) factors like a company’s human rights record and environmental impact. More countries have adopted—or are...

May 05, 2023
The Best Tools For Wealth Screening For Major Gift Officers

The Best Tools For Wealth Screening For Major Gift Officers

Wealth screening is the practice of gathering financial data on potential donors to find hidden wealth and donation opportunities . This is a crucial step in raising funds, as it often helps an organization prioritize and craft more effective outreach strategies. All of that important data is hard to find unless you’re working with a third-party vendor, though. Not only do wealth screening tools offer large databases...